Plan Snapshot
- Plan Sponsor: Invio Automation, INC.
- Sponsor EIN: 833107759
- Sponsor Address: 16185 NATIONAL PARKWAY, LANSING, MI, 48906
- Plan Type: 401(k)
- Total Participants: 496
- Total Assets: $39.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 496 | $39.1M | $1.9M | $3.4M |
| 2023 | 426 | $25.7M | $1.3M | $2.6M |
| 2022 | 434 | $21.0M | $1.1M | $2.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $146,877 | — | $146,877 |
| OHIO NATIONAL INSURANCE AGENCY INC | OTHER SERVICES | — | $31,206 | $31,206 |
| O N EQUITY SALES CO | OTHER SERVICES | — | $7,332 | $7,332 |
| MANER COSTERISAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MANER COSTERISAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $185,415
- Estimated Expense Ratio: 0.474% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $146,877 | — | $146,877 | — | — |
| 2023 | $126,397 | — | $126,397 | — | — |
| 2022 | $113,814 | — | $113,814 | — | — |